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20110701
20110731
Search Results 0 to 17 of about 18 (some duplicates have been removed)
said it is dead in the water. danielle knottingham is in washington with the latest. good morning, danielle. is there any hope in sight? >> good morning, betty. it's hard to tell at this point. things have been back and forth all week on capitol hill. house speaker john boehner's measure will face an uphill battle today but he's pressing on despite threats from the white house and from democrats. speaker john boehner's debt ceiling plan is just hours away from its first key test. later today the house is expected to vote on the measure. it increases the nation's borrowing limit by up to $900 billion while slashing more than $900 billion in spending. >> we're in a very volatile situation. it's an important vote and every member needs to be confident the vote they place. >> reporter: momentum gains wednesday after boehner sharply urged fellow republicans to get in line. >> i've moved from lean no undecided to lean yes. >> reporter: still the house speaker can only afford to lose a couple dozen republicans if he wants the plan to pass. even if the measure clears the house it may not
to raise the debt limit. danielle knottingham is in washington with details. danielle, what is this all about? >> reporter: we're starting over again. right now everyone is upset with john boehner. they say the cuts in his package for raising the debt limit are not as advertised so he's getting heat from conservatives on capitol hill. democrats are declaring his legislation won't get through the senate, so house speaker john boehner is starting from square one. lawmakers will have to wait another day to vote on house speaker john boehner's debt ceiling plan. house members were supposed to take up the measure today, but boehner is scrambling to rewrite it after budget officials determined the proposal would not cut $1.2 trillion from the deficit as promised. >> we think there are real problems with this plan. >> reporter: the delay could give boehner more time to rally votes. some in his own party are demanding deeper cuts, but the plan still faces a dead end in the senate. >> democrats will not vote for it. democrats will not vote for it. democrats will not vote for it. >> reporter: the
to pass the vote. danielle knottingham is in washington with the latest on this. good morning, danielle. >> good morning, betty. this was a major setback and embarrassment for house republicans. it was the second day they couldn't find enough votes to take action on their own legislation and now it has everyone here on capitol hill wondering what's going to happen next. house republicans will meet this morning to plot their next move in the debt ceiling showdown. >> we're going to keep working this thing until we find a way to pay the nation's bills and live within our means. >> reporter: last night after hours of trying to round up support, gop leaders were forced to call off a vote on speaker john boehner's plan. the proposal would raise the debt ceiling for six months and slash more than $900 billion in spending but some tea party members want deeper cuts. >> i simply cannot raise the debt ceiling if we're not going to fundamentally change the way we do business. >> reporter: lawmakers have four days before the government runs out of cash. in a statement released last night, house mi
before the august 2nd deadline. danielle knottingham is joining us now. the president may be able to sign off on a short term deal to make this deadline, something he said he wasn't going to do before. >> reporter: the white house said the president was open to a short term deal only if that meant that lawmakers needed more time to get a larger deal done. now, all through this debate we have heard the white house use the phrase a lot "kicking the can down the road." that's something the president doesn't want to do. he wants a long-term solution and he says look, if this is what it is going to take to get lawmakers to reach an agreement by this deadline we will do a short term deal only if that is followed by a long-term solution to reduce the deficit, lesli. >> okay. so we know that some republicans do not want to compromise on raising taxes. this new plan is not going to raise taxes but it is going to limit tax deductions. are you getting a sense of how house republicans will do that? >> reporter: it is going to be a really tough sell for house republicans. first of all, last night they
? still no deal. danielle knottingham is in washington. she joins us this morning. danielle, what's the latest there? >> reporter: well essentially this has become, as we said off the top of the show, the president has called it a three-ring circus. he did not hold back his criticism last night. the president essentially told the republicans that their plan is not good enough and republicans say the president is the one making this a crisis. president obama called for compromise in his prime time address monday night. with just one week to go until the deadline to raise the debt ceiling, he's blaming republicans for the dead lock. >> a significant number of republicans in congress are insisting on a different approach, a cuts only approach, an approach that doesn't ask the wealthiest americans or biggest corporations to contribute anything at all. >> reporter: but gop leaders argue the president is the one who won't budge. >> the president wanted a blank check six months ago and he wants a blank check today. this is just not going to happen. >> reporter: president obama still want
through his re-election campaign. betty? >> all right, danielle knottingham in washington for us, thank you. >>> financial markets dropped then rebounded a bit but on wall street and in foreign markets they are taking a political haggling over the debt ceiling very seriously. andy mason reports. >> reporter: wall street hasn't panicked yet but the world is watching as britain's business secretary put it -- >> the biggest threat to the world financial system comes from the fear in the american congress. >> reporter: but investors in the debt insurance market are measuring the risk of a u.s. default at less than 1%. bankrupt greece by comparison is at 16%. and the u.s. may have just bought itself more time. >> the deadline really isn't august 2nd? >> in our view it's not, no. >> reporter: larry cantor, head of research at barclay's capital says the treasury faces a big $22 billion social security payment august 3rd but recent tax revenues have come in $14 billion higher than expected. >> in other words the treasury on august 2nd stands to have more cash on hand than before and they'll be
. danielle knottingham, cbs news, washington. >>> this morning, pressure builds to end the debt talks. i'm betty nguyen. this is the "cbs morning news." l this flat-out delicious -- the new $3 flatbread breakfast combo. [ moos ] a toasty 6-inch flatbread breakfast sandwich and a 16-ounce cup of freshly brewed seattle's best coffee. all for just $3. [ clucks ] build a breakfast of epic proportions, like the crispalicious bacon, egg, & cheese with everything from juicy tomatoes to zesty jalapenos, for a delicious way to start your day. the new subway $3 flatbread breakfast combo. build your better breakfast today. not only kills fleas and ticks, it repels most ticks before they can attach and snack on us. frontline plus kills but doesn't repel. any tick that isn't repelled or killed may attach and make a meal of us. [ male announcer ] ask your veterinarian about k9 advantix ii. >>> good friday morning, i'm andrea roane. nice to they isn't it? >> it's it's like music to our ears, isn't it? i'm jessica doyle in for mike hydeck. >> anny hong is in for howard bernstein. >> you liked yesterday
on the table the pressure builds on president obama to solve the debt crisis. i'm danielle knottingham on capitol hill. i'll have the latest coming up. >> both parties have a responsibility to solve it. >>> there are reports a behind the scenes deal is now being hammered out with house speaker john boehner. danielle nottingham is joining us live from capitol hill. we know what the president is saying. what are republicans saying today? >> reporter: well, house speaker john boehner not very happy today. first he voiced his displeasure with the senate for voting down the cut, cap and balance measure. boehner saying the house has done his job and now it is time for the senate to do something. he took issue with harry reid saying he wasn't going to offer up any more proposals about this. boehner says he has been upset with the president because the president needs to offer a specific solution to this debt crisis. so right now boehner is saying the same thing. he says america has a problem with spending and any deal has to include some spending cuts and no tax hikes. >> all right. you do me
life-threatening injuries after a grizzly bear attack. danielle knottingham has the story. >>> a group of seven teens on a survival course right by the national outdoor leadership school found themselves facing an all too real life and death situation that taxes all their newfound skills. deep in the alaskan wilderness north of anchorage in a mountain range the group was lined up to cross a river. suddenly a grizzly bear burst on to the scene attacking 17-year-old sam gottsiegen. >> i guess they came across this bear and startled it, and, you know, got him and knocked him down and bit him. >> reporter: he had suffered a bunk toured lung and head and chest wounds when the bear came back for more. that's when joshua burg intervened. >> another boy came up and started kicking the bear, you know, just to help sam fight the bear off, and the bear then went away, so i don't know who that was, but i'm extremely grateful for that person. >> reporter: their recent training was a critical help. >> they had their priorities in order. as the weather got bad, they set up tents, and they focused in
Search Results 0 to 17 of about 18 (some duplicates have been removed)